EU financial services markets fragmentation works as tariff, Albuquerque says

Contributing sentiments towards policy:

53% : In the past months, however, EU leaders have pledged to intensify efforts to integrate the bloc's financial markets as one of ways of boosting Europe's competitiveness.
51% : Addressing a diplomatic event in Lisbon, Albuquerque said the EU needed to complete its banking union and deepen the capital market integration.
46% : LISBON, Jan 7 (Reuters) - European Union's financial industry faces burdens equivalent to a 110% tariff because of the fragmentation of the bloc's markets for financial services, EU Commissioner for Financial Services Maria Luis Albuquerque said on Tuesday.
44% : A Capital Markets Union would unify national rules on bankruptcies, prospectuses, listing requirements and taxation to make it easier to raise funds in Europe, making it a viable alternative to deep U.S. capital markets.

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